UNCTAD : Red Sea conflict adds insult to global trade’s injuries
LONDON : UNCTAD has raised profound concerns over escalating disruptions to global trade. The Intergovernmental Body noted that recent attacks on ships in the Red Sea, combined with geopolitical tensions affecting shipping in the Black
Contrasting schedule reliability in Taiwan’s container lines, Evergreen tops in December 2023
COPENHAGEN : Sea-Intelligence has released the 149th issue of the Global Liner Performance (GLP) report, providing schedule reliability data up to and including December 2023 and covering schedule reliability across 34 different trade lanes
Logistics startups slash jobs as freight volumes drop
SAN FRANCISCO : Last year saw a surge in layoffs in the logistics sector as freight volumes declined. So far, 2024 isn’t shaping up to be much better for the industry, according to a report on
KEZAD Group announces AED 621m investment for New Warehousing Capacity
ABU DHABI : Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, today announced that it has commenced the development of warehousing capacity of more than
CONCOR and Indian Oil sign MOU for Collaborative Logistics Ventures
NEW DELHI : In a significant event witnessed by dignitaries including Shri. Sanjay Swarup, CMD CONCOR, and Shri Sujoy Choudhary, Director (Planning & Business Development, Indian Oil, a Non-Binding Memorandum of Understanding (MOU) was
Mahindra Logistics swings to Q3 loss of Rs 17.41 cr on weak supply chain management business
MUMBAI : Mahindra Logistics reported a consolidated net loss of Rs 17.41 crore for the quarter ending in December 2023, compared to a net profit of Rs 1.39 crore recorded in the similar quarter of
Container freight rates out of India continue to soar amid Red Sea crisis
MUMBAI : The boost in container freight rates seen on trades out of India as a consequence of the Red Sea crisis has accelerated in recent weeks, according to the latest market analysis. On
FIATA and GSCC announce visionary MoU to jointly promote academic excellence in sustainable logistics
MUMBAI : FIATA and the GSCC have announced a visionary Memorandum of Understanding to jointly promote sustainability and academic excellence in education in the global freight forwarding and logistics sector with a focus on making